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Tier 1 US Investment Bank overhauls Equity DMA providing increased execution efficiency

Challenge

A large global bank approached Chronicle Software as they wanted to optimize performance within their Equity Trading Group, they were looking for a high throughput, low latency solution which would allow their clients market leading DMA across multiple markets.

Solution

Chronicle FIX is a performance optimised, full-featured, asset class agnostic FIX Engine, the engine can be deployed standalone or in conjunction with with micro services including MarketGateway, MarketGateKeeper etc. Chronicle developed a solution that provided low latency pricing, auto hedging, order management and market connectivity. Features include:

Full FIX compatibility across FIX version 4 onwards

Supprt for MiFID II compliant fields

Minimised garbage collection and zero copy

Consistent End to End latency of ~35 microseconds (99%)

Fix Parser and Message Generator – around 1 microsecond latency

Scalability across multiple connections with minimal latency impact

High Performance test clients to drive the systems to its limits

Optimised networking to work efficiently with Solarflare network cards

Results

The Chronicle solution provided the customer with a bespoke, easy to implement solution that has allowed them to exponentially improve both execution and accuracy for their institutional clients. The solution was able to integrate around existing infrastructure leading to an efficient and timely deployment of a production ready solution.

Solutions utilised in this project:

Queue Enterprise

Queue Zero

Microservices

Consultancy

Our partners

We partner with some of the industry's most trusted brands

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